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Environmental Report

100%

Triodos Bank
offsets 100%
of its CO2 emissions.

In addition to the positive impact of financing sustainable enterprises that safeguard the environment, and actively engaging in developing industry-wide improvements to how carbon is measured and reported as highlighted earlier in the report through the Dutch Carbon Pledge, Triodos Bank also continuously aims to reduce its impact on the environment as an institution itself. This scope goes beyond its own activities to include its choice of suppliers, products and services.

2015’s environmental figures in a nutshell

The overall CO2 footprint per FTE decreased by 12% (2014: 8%) in 2015. Business travel by air was responsible for 37% of Triodos Bank’s overall footprint and decreased by 8% per FTE, building on a 20% reduction per FTE in 2014. Triodos Bank co-workers travel by air to partner institutions in developing countries, and for essential in-person meetings and training between business units. Not all these events can be replaced by videoconferencing so, ultimately, a lower limit (per FTE) to flight reductions will be reached. The use of videoconferencing continued to increase during the year and was up by 13%.

The use of office paper per FTE increased by 26%. Printed paper, which accounts for 86% of all paper used (in marketing materials, for example) decreased by 22% per customer, while the number of customers grew by 15%.

Triodos Bank offsets any unavoidable CO2 emissions and is a climate-neutral organisation.

Understanding our CO2 footprint

In 2015, a group-wide three year plan began to improve the measuring, reporting and verification of Triodos Bank’s environmental data. The CO2 management system was rolled out across the group and will provide more timely and detailed feedback on the impact of CO2 improvement initiatives during 2016.

An independent CO2 benchmark (executed during 2015, so based on 2014 data) also showed that Triodos Bank performed better than its peer group on the use of electricity, both per m2 (down 26%) per FTE (down 3%) and travel by car per FTE (down 4%). Areas identified for further reductions include business travel by air, paper usage and using available office space more efficiently.

Sustainable Property

Triodos Bank’s office buildings influence its environmental impact. Many of them have been assessed using BREEAM methodology and rated as ‘very good’ in three key areas; sustainable management, the building itself and use of the building. Current good practice will be written into formal policies as an outcome of this work. BREEAM assessment of the remaining buildings will take place in 2016.

Engaging the supplier community

Triodos Bank’s approach to sustainable procurement is to maintain a dialogue with suppliers to further reduce the use of resources and energy throughout the value chain by, for example, minimising transport by using packaging or products that are by design easy to repair, repurpose, reuse or to biodegrade.

For the years 2011 to 2015 the data below are part of KPMG’s assurance.

[ Environmental key figures ]

Download XLS

 

 

 

 

 

 

 

absolute quantities/ftes

2015

2014

2013

2012

2011

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Energy consumption

 

 

 

 

 

 

Electricity in kWh/fte

2,533

2,686

2,759

3,045

2,622

2,991

Gas in m3/fte

105

103

129

127

134

163

 

 

 

 

 

 

 

Business travel

 

 

 

 

 

 

By aircraft in km/fte

4,762

5,154

6,406

5,940

6,160

6,804

By car in km/fte

1,246

1,267

1,409

1,450

1,611

2,389

By public transport km/fte

713

674

810

858

1,194

1,149

 

 

 

 

 

 

 

Commuting

 

 

 

 

 

 

By car in km/fte

4,435

4,534

4,744

4,209

4,866

5,591

By carpool in km/fte

109

74

79

32

50

197

By public transport in km/fte

3,241

3,297

3,108

3,529

3,744

3,939

By bike or on foot in km/fte

521

575

566

628

639

724

 

 

 

 

 

 

 

Paper usage

 

 

 

 

 

 

Total paper usage in kg/fte

180

214

209

286

346

306

Blank copy recycled paper in kg/fte

26

20

23

23

25

32

Letter head paper/leaflets/etc. in kg/fte

155

194

186

264

321

274

Letter head paper/leaflets/etc. in kg/customer

0.27

0.34

0.30

0.44

0.60

0.56

 

 

 

 

 

 

 

Co-workers

 

 

 

 

 

 

Ftes

968

879

782

693

636

556

External, temporary co-workers

93

65

39

46

31

30

 

 

 

 

 

 

 

Buildings (absolute figures)

 

 

 

 

 

 

Surface area in m2

31,687

31,052

30,006

27,413

23,746

23,250

Volume in m3

104,661

102,407

98,397

91,253

81,957

88,256

 

 

 

 

 

 

 

[ Emission of CO2 (equivalents) ]

Download XLS

 

 

 

 

 

 

 

in thousands of kg

2015

2014

2013

2012

2011

2010

 

 

 

 

 

 

 

*

While the total amount of electricity decreased by 6%, the significant decrease in the related CO2 emission is due to a change in the method of calculating this figure.

 

 

 

 

 

 

 

Electricity*

1

100

96

353

17

Gas consumption (heating)

90

124

130

112

34

232

 

 

 

 

 

 

 

Paper

293

314

265

468

907

686

Public Transport

214

260

224

209

136

107

Car

1,324

1,145

1,046

865

774

867

Flights

1,119

1,141

1,145

936

1,051

908

Total

3,041

3,084

2,906

2,953

2,919

2,800

Minus: Compensation for CO2 credits

–3,041

–3,084

–2,906

–2,953

–2,919

–2,800

 

 

 

 

 

 

 

CO2 balance (neutral)

CO2 compensation costs per tonne (EUR)

8.40

8.40

12.50

12.50

12.50

12.50

 

 

 

 

 

 

 

Prospects

  • Use insights into the drivers of our CO2 footprint to identify additional CO2 reduction initiatives
  • Execute the BREEAM assessment of the remaining buildings in 2016
  • Share results and joint successes with suppliers to further reduce Triodos Bank’s impact on the environment.